Wellington Management Group LLP lowered its holdings in Nomad Foods Limited (NYSE:NOMD – Free Report) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,548,679 shares of the company’s stock after selling 55,111 shares during the period. Wellington Management Group LLP’s holdings in Nomad Foods were worth $16,958,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of NOMD. Caitong International Asset Management Co. Ltd lifted its stake in Nomad Foods by 3,231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after purchasing an additional 2,262 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after purchasing an additional 1,996 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Nomad Foods in the 3rd quarter valued at about $43,000. Osaic Holdings Inc. boosted its holdings in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Nomad Foods by 219.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock valued at $75,000 after buying an additional 5,341 shares during the period. Institutional investors own 75.26% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Dominic Brisby acquired 50,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $12.38 per share, with a total value of $619,000.00. Following the purchase, the chief executive officer owned 726,794 shares of the company’s stock, valued at approximately $8,997,709.72. This represents a 7.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ruben Baldew acquired 28,290 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $11.85 per share, with a total value of $335,236.50. Following the acquisition, the chief financial officer owned 367,172 shares of the company’s stock, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.
Nomad Foods Stock Up 0.1%
Nomad Foods (NYSE:NOMD – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, analysts expect that Nomad Foods Limited will post 1.69 EPS for the current fiscal year.
Nomad Foods Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Tuesday, August 11th. Nomad Foods’s dividend payout ratio is 66.67%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on NOMD shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Nomad Foods in a report on Tuesday, July 21st. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a report on Friday, August 14th. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Barclays raised their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nomad Foods has an average rating of “Hold” and an average price target of $13.25.
Check Out Our Latest Analysis on Nomad Foods
Nomad Foods Company Profile
Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.
Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.
Featured Articles
- Five stocks we like better than Nomad Foods
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
Want to see what other hedge funds are holding NOMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nomad Foods Limited (NYSE:NOMD – Free Report).
Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.
